The global collagen peptides market is estimated at USD 772.3 million in 2018 and is projected to reach USD 1,337.0 million by 2023, at a CAGR of 11.6% during the forecast period. Some of the major factors driving the market are consumers’ inclination toward a healthy lifestyle, increase in preference for protein intake, and widening application of collagen peptides.
Collagen peptides are derived from collagen, a principal constituent of connective tissues and bones of cattle. It is used in various applications, which include nutritional products and dairy products. Bovine and porcine bones &hides have been used as the main source for collagen peptides. It helps in healthy muscle growth and aids in energy production during workouts. Thus, with the increasing demand for sports nutrition and healthy fortified food & beverage products, the demand for cattle hide & bones from the collagen peptide manufacturers is also increased.
Globally, collagen peptides are used due to the increase in consumer awareness of healthy food products, which is fueling the market for nutritional food products. Consumers are increasingly focusing on healthy aging, not only to increase their life expectancy but also to prevent and postpone the onset of diet- and bone-related diseases. However, consumers’ concern toward the depletion of animal sources is creating a restraint to the market growth.
The key players in the collagen peptides market: • Darling Ingredients (US) • Tessenderlo Group (Belgium) • Cargill (US) • Kewpie Corporation (Japan) • Danish Crown (Denmark) • GELATINE AG (Germany) • GELNEX (Brazil) • ITAGELATINE S.p.A (Italy) • Lapi Gelatine (Italy) • Nitta Gelatin (Japan) • Weishardt Group (France) • Junca Gelatines (Spain)
Order the “Collagen Peptides Market by Source (Cattle Hide & Bones, Pigskin, and Poultry & Fish), Application (Nutritional Products, Snacks & Cereals, Dairy Products, Beverages, and Meat & Poultry Products), and Region - Global Forecast to 2023” Report Now at http://www.reportsnreports.com/purchase.aspx?name=344790
Executive Summary
Premium Insights 4.1 Attractive Opportunities in the Collagen Peptides Market 4.2 Collagen Peptides Market, By Key Country 4.3 Collagen Peptides Market, By Application, 2018–2023 4.4 Collagen Peptides Market, By Sources & Region, 2017 4.5 Asia Pacific Collagen Peptides Market, By Country & Application, 2017
Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Consumer’s Inclination Toward Healthy Lifestyles and Protein Consumption 5.2.1.2 Application of Collagen Peptide as A Functional Ingredient in Food Processing 5.2.1.3 Widening Applications of Collagen Peptides 5.2.2 Restraints 5.2.2.1 Stringent Food Laws for Animal-Sourced Additives 5.2.2.2 Concerns Toward the Depletion of Animal Sources 5.2.3 Opportunities 5.2.3.1 Immense Potential in Emerging Economies 5.2.3.2 Promotion of A Healthy Diet By Governments 5.2.4 Challenges 5.2.4.1 Challenges With Distribution Channels in Developing Countries 5.2.4.2 Insufficient Processing Technologies
Industry Trends 6.1 Introduction 6.2 Supply Chain 6.3 Regulatory Bodies 6.3.1 United States Department of Agriculture (USDA) 6.3.2 European Food Safety Authority (EFSA) 6.4 Strategic Benchmarking 6.4.1 Expansions and Acquisitions
The North American market is estimated to account for the largest share from 2018 to 2023. This is attributed to factors such as increased consumer preference for healthy products and increase in the adoption of low-fat & nutrient-rich food & beverage products. The major factors driving the collagen peptides market in North America is the rise in health awareness among consumers.
The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023.The region’s improved consumer lifestyles over the past decade and the need for dietary &fortified food, followed by advancements in the food & beverage industry have presented opportunities, in terms of new applications and usage for collagen peptides.
